Which of the Following Statements About the Organization of Firms

question 119

Multiple Choice

Which of the following statements about the organization of firms is true?

• A)Partnerships are the most common form of business organization in Canada.
• B)Owners of a corporation have unlimited liability.
• C)Corporations have limited access to money markets.
• D)Owners of a corporation are not personally liable for the firm's actions,though its directors may be.
• E)Crown corporations are never interested in increasing profits because they have other goals.

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Definitions:

Conflict Ignored

A situation where existing disagreements or problems are not addressed or resolved.

Meeting Progress

The advancement or development of topics and objectives during a scheduled gathering or conference.

Virtual Teams

Groups of individuals who work together across time, space, and organizational boundaries, connected by electronic communication technologies.

Shared Purpose

A common goal or vision that unites a group or organization, motivating its members towards collective action.